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TIC achieves net income of $0.30 million in 9M 2013

2013-11-03

According to Al-Takaful Palestinian Insurance Company ( TIC)’s data for the first nine months of the year, net profit after taxes reached 305,013 USD, compared with a net profit after taxes of 646,295 USD from the first nine months of 2012, a net decrease of 52.8%. Total assets of the company reached 22,819,812 USD as of September 30^th, 2013, compared to total assets of 19,276,704 USD as of December 31^st, 2012, a net increase of 18.4%. Total liabilities of the company reached 13,647,670 USD as of September 30^th, 2013, compared to total liabilities of 10,136,307 USD as of December 31^st, 2012, a net increase of 34.6%. Net ownership equity of the company reached 9,172,142 USD as of September 30^th, 2013, compared with a net ownership equity of 9,140,397 USD as of December 31^st, 2012, a net increase of 0.3% in the first nine months.